IDC forecasts spending on IoT to reach $745bn in 2019

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Worldwide spending on the Internet of Things (IoT) is forecast to reach $745 billion in 2019, an increase of 15.4 per cent over the $646 billion spent in 2018, according to an update to the International Data Corporation (IDC) Worldwide Semiannual Internet of Things Spending Guide. IDC expects worldwide IoT spending will maintain a double-digit annual growth rate throughout the 2017-2022 forecast period and surpass the $1 trillion mark in 2022.

“Adoption of IoT is

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